Samsung’s ‘Digital Transformation Framework’ Includes Blockchain Tech

At Samsung’s Real 2019 event in Seoul, Samsung SDS CEO Hong Won-pyo described the company’s plans to add blockchain tech to its entrprise IT solution packages.

Samsung SDS, formerly known as Samsung Data Systems, is the company’s IT consulting arm and it has been exploring blockchain tech for some time. The newly announced package of tools, called “Digital Transformation Framework,” will feature a number of updates including:

“Blockchain is a technology that is used in all areas of business including finance, manufacturing, logistics, and distribution,” said Hong Hyeong-jin, CEO of Samsung SDS’ Nexledger project. “We are upgrading the company’s blockchain platform at Nexledger to meet the demand.”

“As digital convergence is accelerating, convergence services are expanding across industries,” said Hyeong-jin, “Blockchain technology is also being used in financials where payments are made through manufacturing, distribution, and distribution. We will upgrade Nexledger to meet customer needs.”